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Tuesday, October 3, 2017

Market Momentum Points Higher - Good Econ Data Will Help


One Option Trading Blog http://ift.tt/2xcSQlu Posted 9:30 AM ET - The S&P 500 and Russell 2000 continue to march higher. Tech stocks are relatively soft and we can expect the bid to strengthen as earnings season approaches. Economic reports should be market friendly and I'm expecting this rally to continue. China's official PMI posted its highest reading since 2012. ISM manufacturing came in at 60.8 and that is a very "hot" reading as well. ADP will report tomorrow and we will also get ISM services. Initial jobless claims have been drifting lower during the last month and job growth should be steady. Earnings season starts next …

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